The strict confidentiality clause mandates that all parties involved must keep the information disclosed during the agreement private and not share it with any unauthorized individuals or entities. Breaching this clause can lead to legal consequences, including possible financial penalties or termination of the contract.
All directors, employees, agents and independent contractors must maintain the strict confidentiality of Company information for competitive, security and other business reasons, as well as to comply with securities laws. All information you learn about the Company or its business plans is potentially nonpublic information until publicly disclosed by the Company.
You may not disclose it to others, such as family members, other relatives, or business or social acquaintances. Similarly, you must maintain the strict confidentiality of inside information about another company that you learn in the course of working for the Company or its subsidiaries.
WHEREAS, Employee signed an Acknowledgment of Receipt (“Acknowledgment Form”), wherein Employee acknowledged and agreed to the terms of the Handbook, including the requirement to maintain the strict confidentiality of Employer’s confidential, proprietary, and trade secret documents even after Employee’s employment with Employer;
Confidentiality: The conduct of our engagement will be in accordance with the standards and ethical requirements of the Institute of Chartered Accountants in Australia. These requirements mean that information acquired by us in the course of the engagement is subject to strict confidentiality. Information will not be disclosed by us to other parties except as required or allowed for by law or professional standards, or with your express consent. Our files may be subject to review as part of the quality review program of the Institute of Chartered Accountants in Australia, which monitors the compliance of members with the professional standards. These reviews are also subject to strict confidentiality.
Mr Scheiterer shall be obliged to keep strict confidentiality regarding all business secrets of the Company, its affiliate companies or any third party maintaining a business relationship with the aforementioned companies both vis-à-vis third parties and unauthorized Company staff. For the purposes of this provision, “business secrets” shall mean any business, operational, organizational and technical knowledge, procedures and information, which is accessible for a limited staff only and which is not public knowledge.
The obligation to keep strict confidentiality does also apply to any confidential business affairs, which have been explicitly denominated by the Company as such or obviously qualify as confidential business affairs.
Richard Adams agrees to maintain strict confidentiality of any such improvement.
A client’s records and financial information are treated with strict confidentiality. Under no circumstances should any such information be disclosed to a third-party that has not been granted a legal right from the client to receive such information.
The parties will maintain the strict confidentiality of all non-public information relating to the proposed transactions and operations set forth in this MOU.
I acknowledge and agree that the propriety information, and the strict confidentiality thereof, materially affects the successful conduct of the Company’s current and future business and its goodwill; therefore, any breach of the terms of this Agreement by me is a material breach thereof, and may result in immediate termination of my employment, the imposition of injunctive relief and liability for damages sustained by the Company.
The recording of the meetings is forbidden. In case of remote meetings, each CPO member shall be individually and solely liable for taking all measures required to assure the strict confidentiality of such meeting, and the access to any information dealt with in the meeting by persons not authorized by the CPO Coordinator is strictly prohibited.
Both parties undertake to take the necessary and strict confidentiality measures for confidential information to avoid leakage. However, when either party requests confidential information from the law or relevant government agencies, it shall comply with all legal provisions and notify the other party in writing within a reasonable time prior to disclosure, and shall consult the other party on feasible measures to avoid or reduce the level of the disclosure; Or if disclosure of confidential information is required, the other party should first confirm the consistency of the disclosure information.
FWW shall maintain strict confidentiality with respect to any and all information, whether in writing, oral or otherwise, concerning FGI or Products developed specifically for FGI or ordered by FGI, with respect to the nature and extent of the mutual business relationship as well as with respect to the commercial and manufacturing secrets of FGI, and shall not make any such information available to third parties, including this Agreement and any of its terms. FWW shall take measures to ensure that its employees also adhere to this confidentiality obligation. FWW hereby acknowledges that any breach or attempted breach of this Section by FWW or its owners, shareholders, directors, officers, employees, agents or representatives shall result in irreparable harm to FGI for which a remedy at law shall be inadequate. In case of any breach or attempted breach of this Section by FWW or its owners, shareholders, directors, officers, employees, agents or representatives, FGI shall be entitled to, in addition to any other remedies to which FGI may be entitled, specific performance and injunctive and other equitable relief without the necessity of proof of irreparable harm or posting of bond.
The non-public information that should be kept in strict confidentiality will include, but not be limited to, the price lists of the products or services, customer listings, samples, current or proposed products, and information related to the distribution and suppliers and to the existence of this agreement, effective as of the date this contract or those established and come into force after the execution of this contract in GC (“Confidential Information”).
Strict confidentiality refers to a legal or ethical duty to safeguard sensitive information, ensuring that it is not disclosed or shared without proper authorization. This concept is often integral in various professional fields, including law, healthcare, finance, and business. The purpose is to protect proprietary or personal data, maintaining trust and compliance with legal obligations.
Strict confidentiality should be used when dealing with sensitive information that, if disclosed, could harm individuals or organizations. Scenarios include:
When writing about strict confidentiality, clarity and specificity are key. Here are some tips:
For example:
“All parties agree to maintain strict confidentiality regarding [Specify Information] and acknowledge that such information is proprietary and confidential. Disclosure of such information to unauthorized persons or entities is strictly prohibited, except as required by law.”
Strict confidentiality clauses are commonly found in various types of contracts, including:
These contracts ensure that confidential information is protected and any unauthorized disclosure can result in legal action.
Dive deeper into the world of clauses and learn more about these other clauses that are used in real contracts.
The subcontracting clause outlines the conditions under which a party to the contract may hire third parties (subcontractors) to perform certain tasks or services. It typically includes stipulations about the approval process, responsibilities, and liabilities of the subcontractor, ensuring that the primary obligations of the contract are met.
The "Subcontractors" clause outlines the conditions under which a primary contractor is permitted to hire third parties to perform parts of the contracted work. It typically includes requirements for approval by the original client and stipulations ensuring that subcontractors comply with the same standards and obligations set forth in the main contract.
A "subject person" clause typically defines the individual or entity to whom certain responsibilities, rights, or conditions within a contract apply, ensuring clarity regarding who is bound or benefited by specific terms. This clause helps prevent ambiguity and potential disputes by explicitly identifying the relevant party involved in contractual obligations or entitlements.
Try our AI contract analysis and extract important clauses and information from existing contracts.
< <
Fill out the form and we will get in touch with you to give you a personal, customized demo of fynk.
Greetings!
I'm Markus, co-founder of fynk. After you've submitted the form, I'll swiftly get in touch with you.
Also, right after you submit your details, you can pick a time that works best for you for our meeting.
